Why a private equity firm is betting on Nigerian-made safety boots

Why a private equity firm is betting on Nigerian-made safety boots

Earlier this year, Lagos-based private equity firm Aruwa Capital Management invested in Yikodeen, a Nigerian manufacturer of safety boots for workers in the oil and gas, construction, power and manufacturing sectors. Founded by entrepreneur Yinka Atunde, Yikodeen is capitalising on increasing health and safety requirements in workplaces. “With increased regulation and the need for corporations…

Read More
Africa: In Democratic Republic of Congo (DRC), Reassessing Tax Incentives Can Assist Growth and Equity

Africa: In Democratic Republic of Congo (DRC), Reassessing Tax Incentives Can Assist Growth and Equity

Kinshasa, July 28, 2023–In the Democratic Republic of Congo (DRC), rationalizing tax incentives could improve effectiveness of tax policies, and pave the way for future tax rate reductions, while ensuring adequate resources for development and social spending, according to the World Bank DRC Economic Update, released today. The report titled Reassessing Tax Incentives – Falling…

Read More
Africa: In Democratic Republic of Congo (DRC), Reassessing Tax Incentives Can Assist Growth and Equity

Africa: Equity Group Expands Beyond Africa With New UAE Representative Office

Equity Group has received shareholder approval to establish a Representative Office in the United Arab Emirates (UAE), signalling a major step in its strategic expansion beyond the African continent. Pending regulatory approvals from the Central Bank of Kenya and UAE authorities, the new office will unlock vast business, trade, and investment opportunities–linking East and Central…

Read More
Ramaphosa defends equity alternatives for BEE

Ramaphosa defends equity alternatives for BEE

Cyril Ramaphosa. Image: GCIS Among the most salient features of South Africa’s empowerment laws are their practicality, feasibility and responsiveness to economic conditions without deviating from the objective of redressing the economic injustices of exclusion of the past. This stems from the need to meet two separate but interdependent objectives. The first is to achieve…

Read More